In a move that aims to bolster the security of electronic payments and transfers, Credit Europe Bank has implemented the Confirmation of Payee Service known as SANB (Serviciul Afișare Nume Beneficiar). The new feature enhances transaction security in lei via the bank's Internet and Mobile Banking
Despite substantial investments in cybersecurity, many banks remain vulnerable due to fundamental security oversights that could easily be addressed with more stringent protocols and training. Scott Weinberg, CEO of Neovera, emphasizes that even as banks invest heavily in securing their IT
The rapid advancement of artificial intelligence (AI) has revolutionized many industries, with the financial sector being no exception. Financial institutions are leveraging AI for enhanced customer services, predictive analytics, and improved operational efficiency. However, the same technology
As the digital landscape continues to evolve, the use of cookies and other tracking technologies on websites has become a prevalent topic, focusing on both enhancing user experience and ensuring robust privacy controls. These small text files play a crucial role in the functionality of websites,
The Consumer Financial Protection Bureau's (CFPB) proposed rule on open banking aims to change the way consumer banking data is accessed and shared among financial institutions, third-party providers, and data aggregators. Focused on fostering competition, innovation, and consumer empowerment, this
Cross-border payments have become increasingly complex due to the rapidly changing regulatory landscape, requiring businesses to navigate a maze of requirements to maintain operational efficiency and legal adherence. The rise of on-soil data storage requests and stringent compliance mandates around
